Mcleod Russel India has reported results for third quarter ended December 31, 2016.
The company has reported 30.81% fall in its net profit at Rs 23.62 crore for the quarter under review as compared to Rs 34.14 crore for the same quarter in the previous year. Total income of the company decreased by 10.15% at Rs 478.35 crore for the quarter under review as compared Rs 532.36 crore for the corresponding quarter previous year.
Mcleod Russel India is the largest tea producing company in the world. In July 2005 McLeod Russel acquired Borelli Tea Holdings from the Magor family based in England and took over the 17 tea gardens of its Indian subsidiary Williamson Tea Assam. McLeod Russel is the largest tea exporter from India with a strong customer base in United Kingdom and Europe